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...more ingenious experiments in aquaculture has just begun on the Caribbean island of St. Croix. Conceived by scientists of Columbia University's Lamont-Doherty Geological Observatory, it is based on a natural sea phenomenon. In areas of the world where the right combination of wind, current and slope of the continental shelf occurs, cold water from the ocean depths sometimes churns up to the surface. Laden with nutrients from decomposed sea life that has settled to the ocean deeps, these rising currents possess extraordinary fertilizing power. Once they reach the upper level of the ocean, where sunlight penetrates, they...

Author: /time Magazine | Title: Science: Aquaculture: Food from the Deep | 8/31/1970 | See Source »

...some but by no means all of the symptoms of a recession? Economists have long groped for an appropriate label-with painful semantic results. Paul McCracken, President Nixon's chief economic adviser, has suggested "recedence," and Former Federal Reserve Chairman William McChesney Martin once spoke of an economic "slope." Now the Manhattan-based National Bureau of Economic Research, the organization that decides which business movements merit the term recession, is joining the naming game. Ruminating about the present "episode," Vice President F. Thomas luster says: "We are thinking of labeling it a 'retardation...

Author: /time Magazine | Title: The Economy: The Naming Game | 8/31/1970 | See Source »

...million acres is $2.82 per acre. What Congressman would sell his land for that when there is oil under some of it? Compare this to the revenue of the state of Alaska: already $900 million by leasing to oil companies the 434,000 acres on the North Slope (legally liberated from the natives) and a potential $200 million per year from pipeline oil royalties and taxes...

Author: /time Magazine | Title: Letters: Aug. 17, 1970 | 8/17/1970 | See Source »

...fact is that even with the North Slope strike, the U.S. will never again be self-sufficient in oil. When Prudhoe Bay crude starts flowing to the lower 48 states, it will satisfy only 5% of the U.S.'s annual demand. The rest will continue to come from Texas, Louisiana, California?and foreign producers. Beyond that, there are other potential oil sources, although admittedly uncertain and still in the far future. Some experts envision a North American energy market that would tap Canada's vast, undeveloped supplies. When the world's oil wells are fully depleted, there will still...

Author: /time Magazine | Title: Environment: The Great Land: Boom or Doom | 7/27/1970 | See Source »

...exploitation laws that are still in effect. To complicate matters further, the Statehood Act of 1958 entitled Alaska to withdraw 103 million acres from the federal domain. Naturally, the state wanted the land with the richest resources. It first picked 2,000,000 acres on the oil-soaked North Slope and claimed that it was free of aboriginal use and occupancy. In fact, most of the land lay under existing native villages or their hunting and fishing grounds. But the state merely published a legal notice in an obscure newspaper that few natives read. When no claimants appeared, the state...

Author: /time Magazine | Title: Environment: The Great Land: Boom or Doom | 7/27/1970 | See Source »

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